Jeff Bezos, the founder of Amazon and one of the world’s wealthiest individuals, is taking on a rare operational role in a new artificial intelligence start-up that he will jointly lead as co-chief executive. The company, called Project Prometheus, emerges with a formidable $6.2 billion in funding, reported the New York Times, citing people familiar
The Nasdaq 100 Index and its associated ETFs, like the Invesco QQQ (QQQ) and the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ), have come under pressure in the past few days as investors remain concerned about the artificial intelligence (AI) industry and technology valuations. This article looks at the top catalysts for these assets this
CNBC’s Jim Cramer has a knack for spotting what mainstream Wall Street overlooks. While most investors obsess over valuations and AI hype, Cramer is zeroing in on something more fundamental: real, tangible execution. As per Insider Monkey, his latest take on Nvidia and Tesla reveals a contrarian thesis that challenges the prevailing bearish sentiment around
A memory chip bottleneck is building across global supply chains as surging demand from the artificial intelligence sector redirects production away from essential consumer and automotive applications. With manufacturers prioritising high-value AI chips, concerns are growing over reduced availability for standard memory used in mass-market devices, including mobile gadgets and embedded systems. Semiconductor Manufacturing International
The week of November 17-21 is shaping up to be the most pivotal of the earnings season so far. Nvidia’s Q3 results will land on Wednesday, while Fed speakers flood the calendar with commentary on interest rates and inflation. Markets are already on edge, the Magnificent Seven tech stocks are flashing signs of vulnerability, and
Tim Cook’s tenure at Apple may be nearing its end, and attention inside the world’s most valuable company has turned to a key question: who will lead next? People familiar with internal discussions say Apple has ramped up its succession planning in recent months, preparing for Cook to potentially step down as chief executive as
Nvidia’s third-quarter earnings report on November 19 is set to be a critical market event, with investors and analysts intensely focused on the AI chip giant’s performance and prospects. CNBC’s Jim Cramer highlighted that Nvidia stock could “move the market” depending on whether the company beats expectations, raises guidance, and reaffirms its dominance over competitors
Federal Reserve Governor Adriana Kugler’s resignation in August seemed routine at first, a return to academia after nearly two years of public service. But documents released in mid-November revealed something far messier. Her abrupt departure wasn’t about teaching commitments at Georgetown University. It was about forbidden stock trades, repeated ethics violations, and a waiver request
The start of the week brought a diverse set of developments across aviation, politics, markets and cryptocurrencies. The Federal Aviation Administration’s decision to end emergency flight restrictions, President Donald Trump’s call for the release of Epstein files, major portfolio shifts by investor Peter Thiel, and Bitcoin briefly losing all its gains for the year. FAA
Top crypto stocks will be under pressure on Monday as Bitcoin and most altcoins continue their downtrend. The Bitcoin price has crashed to $95,000, down by about 25% from its highest point this year. Ethereum price has retreated to $3,200, down by about 35% from the year-to-date high, while XRP has slumped by nearly 40%